---
title: "Global Market Update: US and European Stocks Plunge, Nasdaq Down 4%, Tesla Plummets Over 15%"
slug: global-market-update-us-and-european-stocks-plunge-nasdaq-down-4-tesla-plummets-over-15
date: 2025-03-10
modified: 2026-04-07
author: Bhavishya Goyal
excerpt: ""
meta_description: "Global market update: Nasdaq falls 4%, Tesla down 15%, European stocks plunge. Track market drops and automate trading signals with PickMyTrade."
focus_keyword: ""
canonical_url: "https://blog.pickmytrade.io/global-market-update-us-and-european-stocks-plunge-nasdaq-down-4-tesla-plummets-over-15/"
og_title: "Global Market Update: US and European Stocks Plunge, Nasdaq Down 4%, Tesla Plummets Over 15%"
og_description: "Global market update: Nasdaq falls 4%, Tesla down 15%, European stocks plunge. Track market drops and automate trading signals with PickMyTrade."
og_image: "https://blog.pickmytrade.io/wp-content/uploads/2025/03/image-3.jpg"
schema_type: Article
categories:
  - Stock Market
tags: []
reading_time: 1
word_count: 243
robots: "index, follow"
lang: en-US
---

# Global Market Update: US and European Stocks Plunge, Nasdaq Down 4%, Tesla Plummets Over 15%

**US Stock Market:**  
The three major US stock indices closed sharply lower, driven by rising concerns over a potential US economic recession. As of market close:

- **Dow Jones Industrial Average (DJIA)** fell **890.01 points** (-2.08%) to **41,911.71**.
- **S&P 500** declined **155.64 points** (-2.70%) to **5,614.56**.
- **Nasdaq Composite** dropped **727.90 points** (-4.00%) to **17,468.33**.

**Tech Stocks Take a Hit:**  
Large technology stocks suffered heavy losses:

- **Tesla** plunged **over 15%**, marking its worst single-day drop since September 2020. The stock has now lost half of its value from its all-time high.
- **Apple** fell more than **5%**.
- **Meta and Google** declined **over 4%**.
- **Microsoft** lost **more than 3%**.

**Sectoral Performance:**  
The biggest declines were seen in:

- **Cryptocurrency:** Coinbase plummeted **over 17%**.
- **Automobile Manufacturing:** Strategy fell **more than 16%**.
- **Semiconductors:** ASML dropped **over 8%**.

**Chinese Stocks Slide:**  
Chinese stocks listed in the US faced broad declines:

- The **Nasdaq Golden Dragon China Index** dropped **3.59%**.
- **Bilibili** fell **over 11%**.
- **Kingsoft Cloud** dropped **more than 9%**.
- **Alibaba** declined **over 7%**.
- **JD.com and Li Auto** both fell **over 5%**.
- **Pinduoduo** lost **more than 3%**.

**European Stock Market:**  
European stocks also closed lower:

- **FTSE 100 (UK)** fell **79.66 points** (-0.92%) to **8,600.22**.
- **CAC 40 (France)** declined **73.20 points** (-0.90%) to **8,047.60**.
- **DAX (Germany)** dropped **387.99 points** (-1.69%) to **22,620.95**.

**Commodity Market:**  
International commodity prices declined:

- **Crude Oil:**
  - **WTI (April delivery):** Fell **$1.01** (-1.51%) to **$66.03 per barrel**.
  - **Brent (May delivery):** Dropped **$1.08** (-1.53%) to **$69.28 per barrel**.
- **Gold:** COMEX gold futures fell **$14.70** (-0.50%) to **$2,899.40 per ounce**.

**Automate Your TradingView Strategies**  
Connect your alerts with [PickMyTrade](https://pickmytrade.io "PickMyTrade") — automated trade execution, no coding required. [Start free →](https://pickmytrade.io/pricing)

For AI tools &amp; developers:[View Markdown →](https://blog.pickmytrade.io/global-market-update-us-and-european-stocks-plunge-nasdaq-down-4-tesla-plummets-over-15.md)<!--pmtA1-clean-->